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Re: midtieroil post# 148781

Friday, 01/09/2009 11:57:52 AM

Friday, January 09, 2009 11:57:52 AM

Post# of 362867
midtieroil .... I hear the same thing from a guy that has worked the oil patch all his life, he said the price of rigs is coming down very fast, I believe a ROO will be available IF Grandur wants one......
As to the grand conspircy , this HAS happened in the past many times, in the early 80's as i remember, oil was so cheap that the smaller companies could not stay solvent and Exxon and the other majors sucked them up, probably manipulated the price down so they could. Houston was practiclly shut down for a couple of years

Don't underestimate Exxon and the sisters, Those Arabs do not bow to mecca, they bow to Houston when things get tight.
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